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GoKwik, an Indian startup that offers a suite of integrated e-commerce products, has raised a small round of $13 million, which it calls a “growth” round, that has boosted its valuation to $450 million pre-money. While the new funding round, led by RTP Global, is 63% smaller than its Series B of $35 million, announced…
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Some startups accrued value at lightning speed this week, and we got confirmation that defense tech is red hot. Most interesting startup stories from the week Image…
Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in…
Google has unveiled its Safety Charter in India, which will expand its AI-led developments for fraud detection and combating scams across the country, the company’s largest market outside the United States. Digital fraud in India is rising. Fraud related to the Indian government’s instant payment system UPI grew 85% year-over-year to nearly 11 billion Indian…
India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an…
Indian grocery delivery startup KiranaPro’s recent data loss story has more holes than Swiss cheese, as the startup remains unclear whether the incident was an internal breach or an external hack. Last week, the Bengaluru-based startup discovered that it could not access its back-end servers and that all its data, including its app code, had…
Home services in India — whether it is cleaning, dishwashing, or laundry — have traditionally been offline and informally run. This has often resulted in delays and uncertainties for consumers, as well as inconsistent pay and job insecurity for workers. Recently, however, startups have begun viewing this area as ripe for transformation, leveraging technology to…
Naukri.com, a popular Indian employment website, has fixed a bug that exposed the email addresses of recruiters using its platform to search and hire talent online. The issue, discovered by security researcher Lohith Gowda, affected the API that Naukri used on its Android and iOS apps. The API exposed the email addresses of recruiters visiting…
From a struggling family tea estate to an innovative climate venture, Alt Carbon has raised $12 million in a seed round as it plans to scale its carbon dioxide removal work in the South Asian nation. The climate-tech startup, which locks away carbon for thousands of years through enhanced rock weathering on farmlands, attracted investment…
India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court has questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to Indian legal news outlet LawChakra, the country’s Supreme Court expressed…